The scope of the report includes cardiac monitoring and cardiac rhythm management devices for the continuous monitoring, detection, and treatment of heart activities and abnormal heart rhythm (electric heart patterns). The base year considered for the study is 2016, and the forecast for the market size is provided for the period between 2017 and 2022.
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The cardiac monitoring and cardiac rhythm management devices market is expected to reach USD 25.12 million by 2022 from USD 20.67 million in 2017, at a CAGR of 4.0% during the forecast period. The scope of the report includes cardiac monitoring (CM) and cardiac rhythm management (CRM) used for the continuous monitoring, detection, and treatment of heart activities and abnormal heart rhythm (electric heart patterns).
Key Target Audience
- Government and Academic Institutes
- Research Laboratories, Diagnostic Centers, and Research Institutes
- Cardiac Monitoring and Cardiac Rhythm Management Device Manufacturers
- Suppliers and Distributors of CM and CRM Devices
- Monitoring Service Providers
- Healthcare Service Providers
- Diagnostic Centers
The cardiac monitoring devices market is classified into ECG devices, implantable loop recorders, cardiac output monitors, mobile cardiac telemetry, and smart wearable ECG monitors.
The ECG devices segment accounted for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the increasing incidence of cardiovascular diseases, the wide application of ECG devices in CVD management, development of technologically advanced devices, and government initiatives.
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CM & CRM devices market is segmented into North America, Europe, Asia, and RoW. North America accounted for the largest share of the CM & CRM devices market in 2017.
The large share of this regional segment can be attributed to the growth in the geriatric population and the subsequent growth in the prevalence of cardiovascular diseases, high accessibility to advanced technologies, increasing development of innovative and technologically advanced products, and increasing healthcare expenditure in the region.
Cardiac Rhythm Management Devices Market, by Product
Cardiac Monitoring Market, by Product
- ECG Devices
- Implantable Loop Recorders
- Cardiac Output Monitors
- Event Monitors
- Mobile Cardiac Telemetry
- Smart Wearable ECG Monitors
The cardiac monitoring and cardiac rhythm management devices market is highly competitive. Some of the major players in this market are Medtronic (Ireland), Abbott (US), Boston Scientific (US), BIOTRONIK (Germany), GE Healthcare (US), and Philips Healthcare (Netherlands).
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In this report, the cardiac monitoring and cardiac rhythm management devices market is segmented by products, end user, and region. The report provides a detailed overview of the major drivers, challenges, opportunities, and restraining factors impacting the cardiac monitoring and cardiac rhythm management devices market along with the estimates and forecasts of the revenue.
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